Shares of this steel pipe maker in green even as market tumbles – Here’s why

Shares of Steel pipe maker Hi-Tech Pipes started the session in the green today, i.e. on June 2, 2025, even as the stock market tumbled following weak trends in Asian markets and renewed global trade concerns. The counter started the session in the green and opened with a minor gain at Rs 95.55 against the previous close of Rs 95.36 on the BSE. The stock gained further to reach a high of Rs 97.70 – an increase of 2.41 per cent from the last close. The counter trades higher than 5-day and 20-day moving averages on technical parameters but lower than 50-day, 100-day and 200-day moving averages.